SOUTHSIDE BANCSHARES, INC. (SBSI)

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SOUTHSIDE BANCSHARES, INC.

SBSI • CIK 0000705432

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Interest and Fee Income, Loans and Leases	$244,803	$279,371	$275,621	$283,658
Interest Income, Securities, Operating, Taxable	$31,186	$28,075	$22,981	$19,748
Interest Income, Securities, Operating, Tax Exempt	$54,629	$40,469	$31,597	$26,932
Interest Income (Expense), Net	$215,027	$216,127	$221,084	$227,989
Interest Income, Securities, Mortgage Backed	$19,450	$45,222	$57,230	$67,037
Provision for Loan, Lease, and Other Losses	$9,154	$3,346	$3,053	$3,166
Other Interest and Dividend Income	$1,185	$2,079	$1,822	$1,279
Interest Income (Expense), after Provision for Loan Loss	$205,873	$212,781	$218,031	$224,823
Interest Income, Other	$8,488	$19,120	$13,823	$11,746
Interest and Dividend Income, Operating	$359,741	$414,336	$403,074	$410,400
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$101,129	$107,377	$82,630	$90,748
Income Tax Expense (Benefit)	$14,437	$18,883	$13,410	$14,752
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$86,692	$88,494	$69,220	$70,972
Interest Expense, Deposits	$108,157	$153,657	$151,177	$143,346
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Short-term	$6,777	$24,450	$13,679	$13,344
Interest Expense, Subordinated Notes and Debentures	$3,920	$3,774	$8,208	$12,604
Interest Expense, Junior Subordinated Debentures	$4,504	$4,621	$4,034	$3,842
Interest Expense, Other	$21,356	$11,707	$4,892	$9,275
InterestExpenseOperating	—	$198,209	$181,990	$182,411
Debt Securities, Available-for-sale, Realized Gain (Loss)	$-15,976	$-2,510	$-32,270	$-31,716
Gain (Loss) on Sales of Loans, Net	$563	$37	$440	$460
Bank Owned Life Insurance Income	$5,823	$4,256	$3,637	$4,466
Brokerage Commissions Revenue	$3,305	$4,217	$4,859	$5,286
Noninterest Income, Other Operating Income	$5,654	$5,115	$6,979	$8,053
Noninterest Income	$35,834	$41,733	$15,956	$20,188
Labor and Related Expense	$85,625	$90,290	$90,273	$92,924
Occupancy, Net	$14,694	$14,354	$14,501	$14,642
Marketing and Advertising Expense	$4,093	$3,363	$3,928	$3,973
Professional Fees	$5,351	$5,080	$5,715	$5,941
Information Technology and Data Processing	$9,395	$11,598	$11,495	$11,877
Communication	$1,469	$1,602	$1,319	$1,162
Federal Deposit Insurance Corporation Premium Expense	$3,558	$3,790	$3,759	$3,749
Amortization of Intangible Assets	$1,697	$1,171	$742	$574
Gain (Loss) on Extinguishment of Debt	$0	—	—	—
Other Noninterest Expense	$13,345	$14,406	$18,079	$17,112
Noninterest Expense	$140,578	$147,137	$151,357	$154,263
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	—	$57	$41	$39
Net Income (Loss) Available to Common Stockholders, Basic	—	$88,437	$69,179	$75,957
Weighted Average Number of Shares Outstanding, Basic	30,704,000	30,293,000	30,137,000	29,578,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	570,000	525,000	460,000	368,000
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	55,000	76,000	89,000	108,000
Weighted Average Number of Shares Outstanding, Diluted	30,759,000	30,369,000	30,226,000	29,686,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	$24,544	$22,042	$7,924	$3,996

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash and Due from Banks	$122,021	$91,409	$81,080	$74,731
Interest-bearing Deposits in Banks and Other Financial Institutions	$391,719	$281,945	$302,906	$301,916
Federal Funds Sold	$46,770	$52,807	$5,800	$20,609
Cash and Cash Equivalents, at Carrying Value	$560,510	$426,161	$389,786	$397,256
DebtSecuritiesAvailableForSaleExcludingAccruedInterest	—	—	$1,456,219	$1,569,836
DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss	$1,307,053	$1,279,234	$1,247,477	$1,211,900
Federal Home Loan Bank Stock	$11,936	$33,818	$14,062	$45,277
Equity Securities, FV-NI and without Readily Determinable Fair Value	$9,691	$9,467	$9,574	$9,531
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance	$10,894	$1,946	$1,332	$341
Property, Plant and Equipment, Net	$138,950	$141,648	$152,293	$156,885
Operating Lease, Right-of-Use Asset	$14,837	$13,860	$12,398	$12,193
Goodwill	$201,116	$201,116	$201,116	$201,116
Intangible Assets, Net (Excluding Goodwill)	$2,925	$1,754	$1,012	$759
Interest Receivable	$50,489	$46,724	$41,809	$43,392
Deferred Income Tax Assets, Net	$30,426	$34,492	$27,059	$26,129
Bank Owned Life Insurance	$136,330	$138,313	$145,125	$146,263
Other Assets	$31,627	$38,308	$42,437	$38,864
Assets	$8,284,914	$8,517,448	$8,514,590	$8,763,714
Federal Funds Purchased and Securities Sold under Agreements to Repurchase	$509,820	$76,443	$208,657	$419,787
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Amount of Advances	$212,648	$731,909	$211,136	$995,848
Subordinated Debt	$93,877	$92,042	$239,678	$147,587
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust	$60,270	$60,274	$60,279	$60,282
Operating Lease, Liability	$16,704	$15,779	$14,335	$14,131
Other Liabilities	$68,626	$74,811	$67,731	$74,220
Liabilities	$7,511,626	$7,705,506	$7,666,975	$7,881,250
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss	$4,524,510	$4,661,597	$4,817,991	$4,949,567
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest	$42,674	$44,884	$45,100	$45,595
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss	$4,481,836	$4,616,713	$4,772,891	$4,903,972
Noninterest-bearing Deposit Liabilities	$1,390,407	$1,357,152	$1,433,129	$1,406,487
Interest-bearing Deposit Liabilities	$5,159,274	$5,297,096	$5,432,030	$4,762,908
Deposits	$6,549,681	$6,654,248	$6,865,159	$6,169,395
Common Stock, Value, Issued	$47,550	$47,598	$47,638	$47,656
Additional Paid in Capital, Common Stock	$788,840	$793,586	$795,759	$797,342
Retained Earnings (Accumulated Deficit)	$282,355	$326,793	$352,193	$380,761
Treasury Stock, Value	$231,995	$231,137	$252,358	$251,228
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-113,462	$-124,898	$-95,617	$-92,067
Stockholders' Equity Attributable to Parent	$773,288	$811,942	$847,615	$882,464
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss	—	—	$1,456,986	$1,579,607
Debt Securities, Held-to-maturity, Fair Value	$1,166,162	$1,113,482	$1,103,304	$1,075,537
Common Stock, Shares Authorized	80,000,000	80,000,000	80,000,000	80,000,000
Common Stock, Shares, Issued	38,039,706	38,077,992	38,110,078	38,124,707
Treasury Stock, Common, Shares	7,790,276	7,699,182	8,387,077	8,321,665
Off-Balance Sheet, Credit Loss, Liability	$3,932	$3,141	$3,166	$3,669
Off-Balance Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal)	$245	$-791	$25	$503
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	$1,093,150	$881,710	$860,250	$1,057,791

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$86,692	$88,494	$69,220	$70,972
Net Cash Provided by (Used in) Operating Activities	$79,864	$101,849	$93,817	$145,213
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$361,258	$-134,349	$-36,375	$7,161
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$560,510	$426,161	$389,786	$346,288
Depreciation, Depletion and Amortization	$10,577	$10,459	$10,610	$10,562
Accretion (Amortization) of Discounts and Premiums, Investments	$-4,523	$-7,273	$-8,471	$-10,761
Investment Income, Net, Amortization of Discount and Premium	$-400	$-916	$-949	$-861
Provision for Loan, Lease, and Other Losses	$9,154	$3,346	$3,053	$3,166
Share-based Payment Arrangement, Noncash Expense	$3,552	$3,523	$3,046	$4,104
Deferred Income Tax Expense (Benefit)	$-2,110	$-1,026	$-351	$36
Debt Securities, Available-for-sale, Realized Gain (Loss)	$-15,976	$-2,510	$-32,270	$-31,716
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	$-342	$-160	$-1,758	$-526
Proceeds from Sale of Mortgage Loans Held-for-sale	$17,161	$18,602	$17,140	$15,699
Payments for Origination and Purchases of Loans Held-for-sale	$19,295	$17,646	$16,526	$15,612
Loans and Leases Receivable, Gain (Loss) on Sales, Net	—	$-412	$0	$0
Gains (Losses) on Sales of Other Real Estate	$61	$-95	$-109	$30
Gain (Loss) on Repurchase of Debt Instrument	$587	$178	$0	$-791
Net Change Interest and Noninterest-bearing Deposits, Domestic	$351,551	$104,506	$210,850	$-462,593
Increase (Decrease) in Federal Funds Purchased and Securities Sold under Agreements to Repurchase, Net	$288,667	$-433,377	$132,214	$319,946
Proceeds from FHLBank Borrowings, Financing Activities	$2,019,000	$8,143,952	$3,756,000	$5,363,000
Payments of FHLBank Borrowings, Financing Activities	$1,959,710	$7,624,691	$4,276,773	$4,878,678
Proceeds from Issuance of Subordinated Long-term Debt	—	—	$147,428	$147,428
Repayments of Subordinated Debt	$4,365	$1,805	$0	$93,000
Proceeds from Stock Options Exercised	$1,082	$2,624	$693	$61
Payment, Tax Withholding, Share-based Payment Arrangement	$597	$576	$784	$796
Payments for Repurchase of Common Stock	$44,803	$1,505	$23,182	$12,106
Proceeds from Issuance of Common Stock, Dividend Reinvestment Plan	$1,224	$1,160	$954	$906
Payments of Ordinary Dividends, Common Stock	$43,582	$43,630	$43,371	$42,963
Net Cash Provided by (Used in) Financing Activities	$608,467	$146,658	$-95,971	$341,205
Interest Paid, Excluding Capitalized Interest, Operating Activities	$137,292	$198,646	$178,550	$178,890
Income Taxes Paid	$15,750	$15,750	$12,952	$12,702
Real Estate Owned, Transfer to Real Estate Owned	$226	$850	$441	$269
Transfer of Portfolio Loans and Leases to Held-for-sale	$8,093	$0	$0	$0
Payments to Acquire Debt Securities, Available-for-sale	$2,046,010	$1,187,908	$967,713	$1,050,072
Proceeds from Sale of Debt Securities, Available-for-sale	$1,125,414	$135,614	$544,174	$423,932
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale	$960,614	$797,171	$516,212	$474,210
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities	$22,563	$31,079	$35,103	$64,978
Proceeds from Sale of Federal Home Loan Bank Stock	$36,919	$78,244	$39,564	$40,812
Payments to Acquire Federal Home Loan Bank Stock	$39,796	$99,902	$19,915	$61,734
Payments for (Proceeds from) Loans and Leases	$388,304	$138,085	$158,986	$350,752
Proceeds from Sale of Loans Receivable	—	$7,600	$0	$0
Payments to Acquire Property, Plant, and Equipment	$6,904	$11,162	$20,338	$18,743
Payments for (Proceeds from) Life Insurance Policies	$-951	$-4,035	$3,147	$3,073
Proceeds from Sale of Wholly Owned Real Estate and Real Estate Acquired in Settlement of Loans	$203	$278	$273	$406
Proceeds from Sale of Foreclosed Assets	$168	$160	$230	$191
Net Cash Provided by (Used in) Investing Activities	$-327,073	$-382,856	$-34,221	$-479,257
Increase (Decrease) in Accrued Interest Receivable, Net	$1,139	$-3,765	$-4,915	$-2,154
Increase (Decrease) in Other Operating Assets	$-37,874	$70,759	$-8,190	$-20,779
Increase (Decrease) in Interest Payable, Net	$7,422	$-437	$3,440	$3,521
Increase (Decrease) in Other Operating Liabilities	$-85,559	$51,472	$-52,477	$-19,817
Gain (Loss) on Extinguishment of Debt	$0	—	—	—

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=jivedata("SBSI","financials")

Full statements spill as a table. For one cell: =jivedata("SBSI","Revenue") or =jivedata("SBSI","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.